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The price of gold jumped up to $1982 Thursday morning after the Fed raised interest rates on March 22. Gold had its breakout move two weeks ago, and it has held above the retest line, putting in a higher high, with indications of strong upward movement from here. If this trend continues, the next stop […]
[Yahoo/Bloomberg] US Stocks Gain; European Stocks Drop Before BOE: Markets Wrap [Reuters] Dollar falls for sixth day as Fed signals rate-hike pause [Yahoo/Bloomberg] First Republic Rises With Peers After Selloff on Yellen Comments [Reuters] European bank shares fall as crisis leaves mark [Reuters] China property stocks fall after Evergrande debt revamp plan [CNBC] Bank of […]
[Yahoo/Bloomberg] US Stocks Steady in Pre-Fed Caution; Pound Jumps: Markets Wrap [Reuters] Gold holds tight range as Fed verdict nears [AP] Fed facing a blurrier outlook as it meets to weigh rate hike [Reuters] Fed in spotlight as US authorities focus on stability, First Republic [Reuters] As Fed meeting looms, economists see central bank […]
Doug Noland’s Latest Words On The Current Crisis Unprecedented Deposits Turn Into Unprecedented Withdrawals Instability Of All Systems Moving Forward 30-Year Money Experiment Ending Badly March 22, 2023 “It has been a three-decade experiment. It’s been an experiment in this unfettered, market-based finance. It’s been an experiment in monetary policy. It’s also been an experiment […]
[Yahoo/Bloomberg] Stocks Extend Gains, Bonds Drop as Calm Returns: Markets Wrap [Reuters] Bank stocks steady after Swiss rescue as focus turns to Fed [Yahoo/Bloomberg] Banks’ Riskiest Bonds Rise as Regulators’ Assurances Resonate [Yahoo/Bloomberg] Oil Prices Rise as Banking Turmoil Fades Before Fed Decision [Reuters] Switzerland’s secretive Credit Suisse rescue rocks global finance [Reuters] Treasury’s Yellen […]
The recent spate of bank failures is likely just the beginning. It highlights the truth of what McAlvany analysts have been saying for years: Low interest rates result in high levels of malinvestment; government bailouts of poor investments spurs further malinvestment; malinvestment has consequences; the consequences will not be pleasant or small; and the road […]
[Yahoo/Bloomberg] Bonds Rally, Stocks Steady With Banks in Focus: Markets Wrap [Reuters] First Republic shares fall as private placement report stirs fresh liquidity fears [Reuters] Bank shares slide as Credit Suisse rescue fails to quell contagion fears [CNBC] UBS shares fall 5%, Credit Suisse craters 60% after takeover deal [Yahoo/Bloomberg] Banks’ Riskiest Bonds Sink […]
[Reuters] UBS offers up to $1 billion for Credit Suisse in race to save bank, Financial Times reports [Reuters] Credit Suisse, SVB, Signature Bank: What you need to know [Reuters] Crunch time for Credit Suisse talks as UBS seeks Swiss assurances [Yahoo/Bloomberg] Fed to Consider a Pause as Fallout From SVB Roils Markets [Yahoo/Bloomberg] US […]
